2009 has come and gone, but those of us at Fowler State Bank want to make sure our customers stay informed about all of the wonderful products available for their use. In addition to our email newsletter that goes out once a month, Fowler State Bank will also be sending out a product highlight each month.

This month’s featured product is a Roth IRA. What makes a Roth IRA so attractive?

• No mandatory distribution age
• All earnings and principal are 100% tax free if rules and regulations are followed
• Funds can be invested in a variety of instruments
• Principal contributions can be withdrawn any time without IRS penalty
• Contributions are not tax deductible New for 2010, income restrictions will be lifted for individual investors looking to convert their traditional individual retirement account (IRA) to a ROTH IRA.
• Plus investors have for 2010 an opportunity to spread the taxes over two years.

Before converting to a ROTH IRA there are some questions you should ask yourself.

• Is your tax bracket going to be higher or lower at retirement?
• Have you contributed non-deductible contributions to traditional IRA’s in the past?
• What are the largest contributions you will be making to your IRA?

Call today and ask for Linda Brouillette or Anne Molter at (800) 439-3951 to discuss how a ROTH IRA can work for you.